Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has raised scrap procurement prices for the second time this week by RMB 50/t ($7/t) for all grades, effective 9 Dec’22. Post-revision, HMS (6-10 mm) prices are at RMB 3,010/t ($433/t) delivered to headquarters, including 13% VAT. Similarly, China’s rebars prices for Donghua and Hegang region increased by RMB 30/t w-o-w till…